220 Queensbury CtFairmontWV26554
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Fairmont at 220 Queensbury Ct, Fairmont, WV, 26554 priced at $219,000 converts $2,065/mo rent into $768/mo cash flow after a $1,072/mo obligation. Total monthly income equals $2,065/mo, and annual cash flow totals $9,213/yr on $72,599 invested. Return on cash invested prints 32.6% in year one, and rental yield reads 11.32% against a $219,000 entry. Equity gained on principal adds $1,413/yr, while 5% annual appreciation compiles into $60,506 by year five. Five-year ROI reaches 170.56% and total cumulative return in cash sums $123,825. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,065/mo property income covering a $1,072/mo payment, not borrower’s personal income.
Townhouse
Built in 2021
1,523 sqft lot
$N/A/sqft
$360 annually HOA
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Listed by: Sarah Elliott • LANDMARK REALTY SERVICE
Mls Name: NCWV REIN
Mls Provider:
Mls ID: #10156060
Disclaimer: Data provided by North Central WV Real Estate Information Network, Inc. IDX information is provided exclusively for consumers personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information last updated on 2024-02-07 10:15:58 PST